For those who went to the Baltic Exchange’s reception at the British High Commissioner’s residence, Eden Hall, in Singapore on Wednesday evening anticipating a major announcement, they were to be disappointed.
China Merchants Group has expressed its interest to buy London’s Baltic Exchange, joining the bid made by other potential buyers, Reuters reported.
But for the Baltic Exchange’s prized chandeliers, artwork and vintage ship models, guests attending a special DNV GL press event and dinner in London yesterday would have witnessed a test flight of the class society’s new drone, used to assist in...
The Baltic Exchange has confirmed it has received a number of “exploratory approaches” about a possible buyout, but says no firm offer has been made at this stage.
The Singapore Exchange (SGX) has confirmed it has made a bid to acquire the Baltic Exchange.